Why Lumen Technologies Stock Jumped 77.3% Today
Shares of Lumen Technologies (NYSE: LUMN) got a huge boost today from another company's earnings report. (NYSE: GLW) announced that it's selling 10% of its fiber capacity for the next two years to Lumen, and investors loved the news.
Shares jumped as much as 77.3% in parabolic trading mid-day before falling back to close the day up 38%.
Last week, Lumen announced that it has partnered with Microsoft (NASDAQ: MSFT) to "enable digital transformation" of the company's infrastructure. That will include access to Lumen's fiber network, as well as adding new fiber on new and existing routes.
Source Fool.com
Corning Inc. Stock
€36.96
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With 17 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 42 € there is a slightly positive potential of 13.65% for Corning Inc. compared to the current price of 36.96 €.
